Paperless Process
End to End application process is paperless and completely Digital.
End to End application process is paperless and completely Digital.
Easy tenure options from 3 Months to
18 Months
Get Loan disbursed in as low as
15 Mins.
Download the Loanbaba app for Android devices from Google Play. We are also accessible on the web.
The customer’s data is transferred through a secured connection on our portal and is not shared with any unconcerned third party.
Loanbaba tracks the applicant’s credit history through the income and other relevant documents submitted to decide the credit limit.
The loan agreement contains all the details about the loan offer, fees and charges, EMI schedule, and other terms and conditions. The customer has to sign the loan agreement before getting the loan amount.
If the loan is approved and disbursed, it cannot be cancelled. The borrower has to repay the entire loan amount + interest amount as per the terms and conditions.
There are no hidden charges. All the fees and charges are mentioned to the customer upfront. Also, the charges are reflected in the loan agreement.
The processing fees are deducted upfront from the loan amount at the time of disbursal. This practice is followed by almost every lending institution.
Yes, late payment charges apply if the borrower misses the EMI payment after the due date. The charges will be mentioned in the loan agreement.
Loanbaba supports repayment through NACH and the borrower has to comply with the set-up of NACH for auto deduction of EMI on the due date. However, repayment is also possible through other methods.
The borrower cannot postpone the EMI date. The loan agreement has all the details about the EMI schedule. And the borrower has to abide by the same.
If the borrower is unable to pay the EMI on the due date, then late payment charges will apply as per the conditions mentioned in the loan agreement. Loanbaba follows fair practices when recovering the dues from the borrower. It does not use any coercion to recover dues. However, the borrower is expected to adhere to the EMI payment obligations.
The borrower can prepay the loan any time before the due date. There are no prepayment charges for a small cash loan and instant personal loan.
The borrowers will receive an email from Loanbaba at their registered email address. They will only receive this email after paying all the EMIs, successfully. The email will contain the loan closure document.
Download our user-friendly app and browse through plethora of loan types.
Compare banks, and calculate interest rates, EMI, your loan eligibility free-of-cost.
Loanbaba only communicates using official means.
Emails will always be sent from email address ending @loanbaba.com
&
SMS will always be sent from the Sender ID LNBABA.
